Outer Banks Community Development Corporation Inc in Kill Devil Hl, North Carolina (NC)
Table of contents:
Outer Banks Community Development Corporation Inc | |
Employer Identification Number (EIN) | 161630655 |
Name of Organization | Outer Banks Community Development Corporation Inc |
In Care of Name | Gervas S Taylor Iii |
Address | PO BOX 2467, Kill Devil Hl, NC 27948-2467 |
Subsection | Charitable Organization |
Ruling Date | 07/2003 |
Deductibility | Contributions are deductible |
Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2012 |
Assets | $1,000,000 to $4,999,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $2,289,162 |
Amount of Income | $303,408 |
Form 990 Revenue Amount | $303,408 |
National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2012: $303,408 (it was $481,227 in 2011)
This organization: | $303,408 |
Other organizations performing similar types of work: | $141,278 |
Assets in 2012: $2,289,162 (it was $2,193,956 in 2011)
This organization: | $2,289,162 |
Other organizations performing similar types of work: | $740,093 |
Expenses in 2012: $367,960
This organization: | $367,960 |
Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2012: 0.8
This organization: | 0.8 |
Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2012: 68.0%
This organization: | 68.0% |
Other organizations performing similar types of work: | 3.7% |
Revenue for 2012
Functional expenses for 2012
Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
Initiation fees and capital contributions | $0 |
Gross receipts for public use of club facilities | $0 |
Gross income from members or shareholders | $0 |
Gross income from other sources | $0 |
Statement of Revenue (for 2012) | |
Total revenue | $303,408 |
Contributions, Gifts, Grants and Other Similar Amounts | $206,258 |
Program Service Revenue | $97,150 |
Other Revenue | |
Investment income (including dividends, interest, and other similar amounts) | $0 |
Income from investment of tax-exempt bond proceeds | $0 |
Royalties | $0 |
Net rental income | $0 |
Net gain from sales of assets other than inventory | $0 |
Net income from fundraising events | $0 |
Net income from gaming activities | $0 |
Net income from sales of inventory | $0 |
Miscellaneous Revenue | $0 |
Statement of Functional Expenses (for 2012) | |
Total functional expenses | $367,960 |
Compensation of current officers, directors, trustees, and key employees | $0 |
Other salaries and wages | $150,035 |
Payroll taxes | $14,448 |
Professional fundraising services | $0 |
Other | $203,477 |
Balance Sheet (for 2012) | |
Total assets | $2,289,162 |
Total liabilities | $1,764,334 |
Tax-exempt bond liabilities | $0 |
Secured mortgages and notes payable to unrelated third parties | $1,577,377 |
Unsecured notes and loans payable to unrelated third parties | $0 |
Other | $186,957 |
Total net assets or fund balances | $524,828 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Reason for Public Charity Status (for 2012) | |
The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012) | |
2008 - 2012 Total | |
---|---|
Total Support | $1,898,543 |
Gifts, grants, contributions, and membership fees received | $1,898,543 |
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
Gross receipts from related activities, etc. | $97,150 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
3 | Skill Creations Inc | PO BOX 1636, Goldsboro, NC 27533-1636 | NC | 2005-05 | $31,294,249 |
4 | Commons Of Forsyth County Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2014-06 | $1,743,962 |
5 | Metropolitan Property Management | PO BOX 1706, Washington, NC 27889 | NC | 2011-12 | $973,521 |
6 | You-Turn Inc | PO BOX 570, Troutman, NC 28166-0570 | NC | 2008-12 | $915,735 |
7 | St John Village Inc, St John Village Apts | 912 E Highland Ave, Kinston, NC 28501-3155 | NC | 2006-11 | $700,644 |
8 | Vhvh Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2011-06 | $458,804 |
9 | Mountain Housing Opportunities Loan Fund Inc | PO BOX 2278, Asheville, NC 28802-2278 | NC | 2013-03 | $345,609 |
10 | Yancey Mitchell Pillars Inc | 305 Robertson St, Burnsville, NC 28714 | NC | 2009-08 | $147,557 |
11 | Southeast Durham Development Corporation | PO BOX 3335, Durham, NC 27702-3335 | NC | 1993-07 | $146,144 |
12 | Youth Tradesmen Inc | 5512 Business Dr, Wilmington, NC 28405-8446 | NC | 2005-10 | $121,089 |
13 | Hunters Hill Inc | 750 Bethesda Rd, Winston Salem, NC 27103-3302 | NC | 2009-03 | $67,689 |
14 | Rutherford County Housing Initiative Inc | Po Box 286, Spindale, NC 28160 | NC | 2000-06 | $42,657 |
15 | Cape Fear Community Land Trust Inc, Erin E Diener Ttee | PO BOX 12424, Wilmington, NC 28405-0119 | NC | 2009-08 | $38,377 |
16 | Mount Gilead Redevelopment Corporation | Po Box 32, Mount Gilead, NC 27306 | NC | 2006-03 | $30,971 |
17 | Lexington Housing Redevelopment Corporation Inc | 1 Jamaica Dr, Lexington, NC 27292-2571 | NC | 2011-08 | $15,736 |
18 | Little Rock Cdc | 401 N Mcdowell St, Charlotte, NC 28202 | NC | 2007-08 | $10,790 |
19 | 2g5 Bridging The Gaps | 156 Springdale Dr, Troy, NC 27371-8370 | NC | 2007-12 | $0 |
20 | Alpha Gardens Community Development Corporation | PO BOX 1162, Burgaw, NC 28425-1162 | NC | 2002-07 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 5,080 |
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